Zedvance Finance Limited
“Can a Nigerian payroll lender evolve into a full-stack digital bank for African consumers and SMEs?”
Founded2014
HQLagos, Nigeria
IndustryFintech / Lending
The story
Zedvance launched in 2014 as a Nigerian consumer lender focused on payroll-backed personal loans. Over a decade it disbursed 2M+ loans and, in 2024, expanded from pure retail lending into SME banking with asset-backed, working-capital, and supply-chain financing plus business accounts. In 2025 it consolidated its consumer stack by retiring the MoneyPal app and launching the unified Zedvance App — pivoting from a loan-only shop into a lending-led neobank offering wallets, transfers, and bill payments.
Product timeline
2014
Zedvance founded as a consumer lender in Lagos, Nigeria.· pivot
2022
Obtained Nigeria Data Protection Regulation (NDPR) compliance status.· banking
2024
Launched Zedvance Business — asset-backed loans, working capital loans, business accounts, and mobile banking for SMEs.· lending
2025
Launched new Zedvance App on iOS and Android, replacing MoneyPal — combining loans, wallet, transfers, and bill payments.· banking
Regulated entities
1
regulatory licence held by Zedvance Finance Limited
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Zedvance Finance Limited’s embedded-finance stack
Payments / PSP
Zedvance App bill payments (self-operated)Zedvance instant bank transfers (self-operated)
Lending
in the full report
Accounting gap: significant
10 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.